Investment fraud attorneys at Haselkorn & Thibaut have opened an investigation into Bellingham, Washington financial advisor Randall Duggan (CRD# 5559097) following multiple investor complaints alleging unsuitable investment recommendations. The investigation focuses on Mr. Duggan’s activities as a registered representative with Moloney Securities, where he operates under the business name Sentinel Wealth Management.
Understanding the Recent Complaints Against Randall Duggan
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Financial Industry Regulatory Authority (FINRA) records reveal a concerning pattern of investor complaints against Mr. Duggan. The most recent complaint, filed in August 2025, contains serious allegations regarding negligent advice and unsuitable investment recommendations in corporate bonds and other products. This pending complaint seeks damages between $500,000 and $900,000, representing substantial alleged investor losses.
What makes this situation particularly noteworthy is the pattern of similar allegations. Multiple investors have come forward with comparable claims about Mr. Duggan’s investment recommendations, specifically regarding corporate bond investments. This repetition of similar complaints often serves as an important indicator for investors evaluating their own situations.
A History of Settlements and Disputes
Beyond the pending complaint, Mr. Duggan’s regulatory record shows several resolved disputes:
| Filing Date | Settlement Amount | Primary Allegations |
|---|---|---|
| May 2024 | $125,179.02 | Negligence, unsuitable investments |
| 2024 | $25,000 | Negligence, unsuitable corporate bonds |
| 2023 | $92,574.43 | Negligence, unsuitable corporate bonds |
| 2023 | $17,317.13 | Negligence, unsuitable corporate bonds |
These settlements total $260,070.58, not including the pending complaint seeking up to $900,000. While Mr. Duggan has denied wrongdoing in these matters, stating that “the broker dealer settled the matter for business purposes without admitting any wrongdoing or liability,” the pattern of complaints and settlements raises important questions for current and prospective clients.
Red Flags Investors Should Consider
When evaluating your relationship with any financial advisor, certain patterns warrant careful attention:
- Multiple similar complaints from different investors often indicate systemic issues rather than isolated incidents
- Concentration in specific investment types (such as corporate bonds) may suggest limited diversification strategies
- Repeated allegations of unsuitability could indicate a failure to properly assess client risk tolerance and investment objectives
- Pattern of settlements, even without admission of wrongdoing, may reflect underlying concerns about investment recommendations
Understanding Your Rights as an Investor
If you’ve experienced investment losses or have concerns about your advisor’s recommendations, you have important rights under securities laws. FINRA rules require financial advisors to recommend only suitable investments that align with your financial situation, investment objectives, and risk tolerance.
Key protections include:
- The right to receive suitable investment recommendations based on your individual circumstances
- Protection against negligent investment advice
- The ability to seek recovery through FINRA arbitration
- Access to your advisor’s complete regulatory history through BrokerCheck
Professional Background and Registration Details
Mr. Duggan brings 16 years of securities industry experience to his role at Moloney Securities. His professional credentials include passing three important securities examinations: the Series 66 (Uniform Combined State Law), the SIE (Securities Industry Essentials), and the Series 7 (General Securities Representative). He maintains licenses in 21 states.
Before joining Moloney Securities in 2016, Mr. Duggan held registrations with established firms including RBC Capital Markets and Merrill Lynch. This industry experience provides context for evaluating the recent pattern of complaints against his current practices.
What This Means for Current and Former Clients
If you’re a current or former client of Randall Duggan or Moloney Securities, reviewing your investment portfolio and account statements becomes particularly important. Look for concentrated positions in corporate bonds or other investments that may not align with your stated risk tolerance or investment objectives.
Consider these action steps:
- Review all account statements for unusual activity or concentrated positions
- Document any investment losses, particularly in corporate bonds
- Gather correspondence regarding investment recommendations
- Evaluate whether your investments matched your risk tolerance and objectives
The Importance of Timely Action
Securities claims are subject to strict statutes of limitations. Waiting too long to address investment losses can result in losing your right to seek recovery. The sooner you understand your situation and options, the better positioned you’ll be to protect your interests.
Haselkorn & Thibaut specializes in helping investors nationwide recover losses from unsuitable investment recommendations. With over 50 years of experience, a 98% success rate, and millions recovered for clients, the firm operates on a “No Recovery, No Fee” basis, ensuring you pay nothing unless they successfully recover funds on your behalf.
Take Action to Protect Your Investment Future
Don’t let investment losses caused by potentially unsuitable recommendations go unaddressed. If you’ve invested with Randall Duggan at Moloney Securities and experienced losses, particularly in corporate bonds, you deserve answers about your situation.
Contact Haselkorn & Thibaut today at 1-888-885-7162 for a free, confidential consultation about your investment losses. Their experienced team can review your situation, explain your rights, and help determine whether you have grounds for recovering your losses. Remember, there’s no fee unless they recover funds for you, making it risk-free to explore your options.
Your financial future matters. Take the first step toward understanding your rights and potential recovery options by calling 1-888-885-7162 today.
